ECON BC 2075y Lecture 20: Lecture 20 Notes

• School: Barnard College
• Department: Economics
• Course: ECON BC 2075y
• Professor: Belinda Archibong

Document Summary

Infant mortality in finland, 1936-2010 per 1000/births has dropped significantly. Finnish babies sleep in cardboard boxes role of state promoting well-being. Putting a price tag on unpaid housework. Women getting paid for household duties and chores. Women bearing cost of unpaid private sphere labor. Straight diagonal line line of equality (45 degrees) X axis cumulative share of ppl from lowest to highest income. Y axis cumulative share of income earned. If a transfer is made from a relatively poor to relatively rich individual, inequality must increase. Regressive transfers (taking from poor and giving to the rich) must worsen inequality. Given two distributions x and y, we say that x lorenz- (cid:917)(cid:928)(cid:926)(cid:922)(cid:927)a(cid:933)(cid:918)(cid:932) (cid:938) (cid:922)(cid:919) a(cid:927)(cid:917) (cid:928)(cid:927)(cid:925)(cid:938) (cid:922)(cid:919): l(cid:937)(cid:857)(cid:929)(cid:858) l(cid:938)(cid:857)(cid:929)(cid:858) (cid:919)(cid:928)(cid:931) a(cid:925)(cid:925) (cid:929), (cid:936)(cid:922)(cid:933)(cid:921) > for some p. X is unambiguously less unequal than y. Lorenz criterion generates a relation that is incomplete: when lorenz curves cross, the lorenz criterion cannot decide between the two distributions.